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...Fast-growing private capital managers such as Apollo have in recent years pushed aggressively to create higher earning assets for insurance companies....
...US buyout firm Silver Lake has agreed to buy Endeavor for $27.5 a share in cash for the owner of the WME talent group and IMG, the global sports marketing company....
...Formula One owner Liberty Media is in exclusive talks to buy the company that owns MotoGP for more than €4bn, in a deal that would unite the elite car and motorcycle racing series, according to people familiar...
...“There has not been a lot of new companies and additions to capital, which given the current levels of profitability . . . you would expect [to] happen....
...Brindle’s partnership underwrites risks for New York-listed Fidelis Insurance, which floated last year and has a $2bn market value....
...Insurer Aspen is targeting New York instead of London for its planned $4bn initial public offering next year, partly because of management concerns about valuations and more stringent listing requirements...
...This part of the insurance industry has been hit by four consecutive years of outsized losses from extreme weather....
...Lemonade, whose shares have fallen more than 70 per cent since its first day of trading in New York in 2020, provides a range of insurance including for homes, pets and cars to customers in the US and Europe...
...New York Community Bank will raise more than $1bn in a deal led by the investment firm of former US Treasury secretary Steven Mnuchin, in an effort to shore up its finances and calm fears after weeks of...
...New York’s attorney-general has urged a judge to invalidate a $175mn bond posted by Donald Trump to halt enforcement of a half-billion dollar fraud judgment against him and his businesses, arguing that it...
...News of the restructuring came shortly after Liberty Global reported its annual results. It swung to a loss from continuing operations of $3.9bn in 2023 compared with earnings of $1.1bn in 2022....
...” for a valid surety in New York....
...Apollo Global Management’s profits rose sharply at the end of last year, bolstered by quickly rising assets under management and high spreads it earned managing insurance premiums....
...a luxury goods brand [spanning] multiple categories that will be distributed on a global scale”, according to its most recent filings at Companies House....
...Third, a repricing of climate risks has led to a sharp rise in the cost of property catastrophe reinsurance — or insurance for insurance companies....
...to obtain the full amount from an insurance company....
...Paramount questioned the financing of Apollo’s bid and refused to engage with the New York-based private equity group. The New York Times first reported the talks between Sony and Apollo....
...The bright minds of the insurance industry are used to sizing up big global risks, from systemic cyber attacks to natural disasters....
...Donald Trump is unable to raise the $450mn bond needed to postpone the enforcement of a fraud judgment against him in a New York civil court, his lawyers said on Monday....
...The filing also alleges that one of Zurich’s own underwriters, Steven Kent, “acted outside the scope of his authority” in increasing the level of insurance he extended to Liberty....
...The US has eight G-SIBs: JPMorgan, Citigroup, Bank of America, Goldman Sachs, Morgan Stanley, Bank of New York Mellon, State Street and Wells Fargo....
...RedBird IMI has agreed to acquire All3Media, the London-based TV and film production company behind Fleabag and Squid Game: The Challenge, from Warner Bros Discovery and Liberty Global for £1.15bn....
...Brokers and underwriters say 2023 will be a record year for tax insurance, after the number of companies seeking to purchase policies hit a new high and the money available to cover unfavourable rulings...
...According to an index from insurance broker Marsh, global commercial insurance rates rose in the final three months of last year, the 25th straight quarter of increases....
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